Relais Group accelerates its growth plan and aims to reach EUR 50 million pro forma EBITA by end of 2025
Relais Group Plc
Stock Exchange Release 2 March 2023, 8.50 a.m. EET
Relais Group accelerates its growth plan and revises its long-term financial target. Relais Group aims to reach a pro forma EBITA of EUR 50 million by the end of the year 2025. Relais considers a profit target to be more relevant in describing the shareholder value creation potential of the Company, as opposed to a net sales target.
Relais Group sees a large amount of potential acquisition opportunities with increasingly attractive valuation levels. Improved cash flow as a result of operational excellence projects that have been introduced and rolled out starting in 2022, in combination with other customary financing tools, allow for an accelerated acquisition driven growth plan.
On 17 May 2021 Relais announced its previous financial target to reach pro forma net sales of EUR 500 million by the end of year 2026.
RELAIS GROUP PLC
BOARD OF DIRECTORS
Further information:
CEO Arni Ekholm
Telephone: +358 40 760 3323
Email: arni.ekholm@relais.fi
Relais Group in brief
Relais Group Plc is a leading consolidator and acquisition platform on the automotive aftermarket in the Nordic and Baltic countries. We focus on vehicle life cycle enhancement and related services. We are also a growth platform for the companies we own.
We are a profitable and highly growth-oriented company. We make targeted acquisitions in line with our growth strategy and want to be an active player in consolidating the automotive aftermarket within our operating area. We are focusing our corporate acquisitions on companies with a good strategic fit to our group companies.
In 2021, our turnover was EUR 237.8 million (in 2020 EUR 128.9 million). During 2021, we acquired a total of six companies. We employ approximately a thousand professionals in six different countries. Relais Group’s shares are listed on Nasdaq Helsinki Ltd's main list with the stock symbol RELAIS.